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Reply to "Why not put emergency funds in a mutual fund?"
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[quote=Anonymous]If you have no other money saved, then start by putting some in a money market (cash). Once you have plenty of money in other vehicles (stocks, mutual funds, etc.), you can have less cash. But I'd still aim to have some of my net worth in cash, maybe 1-5 percent. Minimum of $20k in cash is what makes me feel comfortable. [/quote]
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